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Commentary :: Labor

Google video: Capitalism Hits the Fan-A Marxian View

Richard Wolff, a professor of economics at UMass Amherst, talks on the current "financial" crisis and capitalism in general. A form of socialism is presented as a possibility for exhausted and anxiety-ridden workers.
In the 1970s real hourly wages in the US stopped climbing while productivity continued soaring. Businesses outsourced or brought low-wage workers so wages stagnated or went down.

Workers could become their own board of directors. Maybe real democracy is impossible without real democracy.

to hear Richard Wolff's 36-minute talk, click on
video.google.ca/videoplay
 
 

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